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Lloyds TSB: Brits splash out on stockings

07 December 2005

Brits who splash out on expensive gifts for Christmas stockings should make sure they have adequate home insurance to cover small but expensive gifts which can bump up the value of any home, says Lloyds TSB.

The insurance provider says the festive season is a peak time for burglaries, so Brits should make sure they have cover in case the worst happens.

A survey by Lloyds found Brits plan to spend £6.2 billion on Christmas stocking gifts this year, with the average contents of a traditional Christmas stocking reaching £103.

Phil Loney, managing director of Lloyds TSB Insurance, said: "The Christmas spending spree means smiling faces for most families at this time of year.

"However, for some, Christmas can end in tears when Santa isn't the first visitor to arrive carrying a sack. With burglars on the prowl it's doubly important to make sure doors and windows are locked tight whenever your home is empty."

Lloyd's survey found the most coveted Christmas stocking items are tickets to see a Robbie Williams concert and an iPod Nano along with Playstations and even the old favourite - a tangerine.